In my opinion, there is no need to handle the hassle for installing VMWare and Ubuntu which is very heavy. I use Tiny Core linux installed on my pendrive and boot from it. So far i have not faced any issue and it works perfectly ok. Tiny core is around 10 MB distro and boots perfectly and has all the tool needed for installation on mystorage. I'll try to make a tutorial (about how i did it) and hope that some people will benefit from it.

EDIT: I sincerely thank ErnstJanF for your efforts and in no way mean to hurt you by writing this.